10 Best Real Estate and Realty Stocks To Buy According to Hedge Funds

8. Welltower Inc. (NYSE:WELL)

Number of Hedge Fund Holders: 37

Welltower Inc. (NYSE:WELL) tends to deliver health care infrastructure by providing real estate capital to leading senior housing operators, post-acute care providers, and health systems. The company was incorporated as a health care REIT in 1985. It owns interests in seniors housing and post-acute communities, and outpatient medical properties concentrated in high-growth markets in the US, Canada, and the UK.

The firm is known for its unmatched relationship network and premier-quality healthcare real estate portfolio. The firm has witnessed more than 40 years of exclusively investing in health care. With the current theme of accelerating 80+ population growth in the US, Welltower is to benefit from the strong demand for senior housing. With construction starts not being enough to cater to this demand implying a diminishing new supply, Welltower Inc. (NYSE:WELL) is in a good position to sustain its occupancy growth in 2024.

For the third quarter, Welltower Inc. (NYSE:WELL) reported normalized FFO per share growth of 21% year-over-year. The Seniors Housing Operating Portfolio continues to exceed expectations, with same-store net operating income growth of 23% and a strong top-line growth of 8.9%, year-over-year. The investment activity continued at an unprecedented rate. $1.2 billion of transactions closed or under contract since Q2 earnings release, bringing year-to-date activity to $6.1 billion, the highest level in the company’s history.

The leading position in health care infrastructure and favorable long-term external dynamics deems Welltower Inc. (NYSE:WELL) a promising stock. As of Q3, the stock was held by 37 hedge funds.